News

Dubai’s total rough diamond trade up 5% in H1 2013

diamond world news service

According to the Dubai Diamond Exchange (DDE), in the first half of 2013, Dubai’s the total rough diamond trading (including both rough diamond exports and rough diamond imports), rose 5 percent (on y-o-y basis), to $6.2 billion, reports say. The volume of the said trading rose 11 percent to 66.4 million carats. The average price of the goods fell 5 percent to $93.37 per carat.

In the said six months, exports of rough diamonds increased 3 percent to $3.7 billion, while volume-wise it rose 12 percent to 34 million carats, reports suggest. The average price dropped 8 percent to $108.82 per carat.

Imports of rough diamonds increased 7 percent to $2.5 million. The volume of the same was 32.4 million carats, with an average price of $77.16 per carat.

The net rough exports (valued as rough exports less rough imports), dropped 4 percent to $1.2 billion, reports say.

Also, DMCC plans to open a diamond control office at DDE to accurately track and value Dubai’s trade in polished diamonds. Reports suggest. The office is expected to open by end-2013, and will operate under the authority of the DMCC, reports say.


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